Pay Off Christmas Debt In 5 Awesome Ways

Pay off Christmas debt
Now that another Christmas has come & gone you’re likely searching for a way to pay off Christmas debt.
Right?
Do you go all out for Christmas & spend money that you don’t have?
Don’t worry, I think we have all done that at some point in time, right?
I know I’ve done this several times & paid for it dearly in the long run.
Meaning that I racked up credit card debt.
Furthermore, this took me nearly 6 months to pay off.
Statistics show the average American consumer racks up $1,000’s in debt each year over Christmas.
Crazy, right?
Not only that, but they also end up paying more than that in interest.
Depending on the interest rate of your credit card will determine how much more.
These can range from 14- 27 % and above.
Not to mention the plethora of other fees you may encounter as well.
Additionally, due to a recent survey, only 42% of Americans plan to pay off Christmas debt in under 3 months.
Moreover, this means that over 50% of Americans will take up to 6 months or more paying for Christmas gifts.
Pretty crazy statistics if you ask me, wouldn’t you guys agree?
After doing a great deal of research on this topic I have come up with 5 ways for you to ease the financial burden Christmas may have put upon you.
Furthermore, I’ll be providing you with a few tips to help you budget your money & save money throughout the year specifically for Christmas.
If you have read this blog & still have questions afterward, please feel free to leave them for me in the comments below.
I’ll get back to you with a detailed reply!!
Sound good?
With that being said, let’s get right into things today.
Are you guys ready?

1) Pay Off Christmas Debt With A Part-Time Teaching Gig


teaching English
Have you always wanted to work with children but never had the chance before?
If you answered yes to the question above, you’re in luck as you can now do so with Education First.
While there are a few requirements like a bachelor’s degree & minimum of 1-year teaching experience this could be an excellent way to pay off Christmas debt.
Therefore, no matter if you have a couple hundred or a couple thousand in Christmas debt, this opportunity could be what you’re in search of.
Furthermore, if you’ve met the requirements below & are accepted, you are free to set your schedule.
You’ll also have the unique opportunity to work as much or as little as you want.
How sweet is that?
If you love to work with children & earn extra money to pay off  Christmas debt faster, this is something you can’t afford to pass on.
One of the highest-paid ESL training platforms out there in the online world today is Education First or EF for short.
In addition to earning $20+ an hour + benefits, you’ll also have the opportunity to earn teaching bonuses.
Here’s the detailed breakdown

  •  200 Lessons= $100 credit
  •  400 Lessons = $200 credit
  • 1,000 Lessons= $500 credit
  • 2,000 Lessons= $1,000 credit

As you can see this can be quite profitable depending on how much time you devote to it.
You could likely pay off Christmas debt from these bonuses alone!!
Not to mention the potential of earning $20+ an hour teaching 2 classes per hour.
If you were to schedule yourself for a decent amount of hours you could earn several hundred a day.

Learn More About Education First Here

2) Pay Off Christmas Debt Doing Freelance Work


freelance writing
Looking for a more hands-on approach to pay off Christmas debt?
Perhaps you would rather do some freelance writing as opposed to teaching kids online.
That’s perfectly fine!!
As I said earlier, teaching isn’t for everyone as this requires a bachelor’s degree along with teaching experience.
If writing is more your forte you might want to consider being a freelance writer.
Don’t worry, you don’t need to be an expert writer to make money with this venture.
However, you’ll need basic writing skills & the desire to learn a skill that could make or break you.
If you have a desire to write for other people & get paid you might want to check this opportunity out.
Luckily, there are places like Contena that act as an all in one online freelance training platform.
It doesn’t matter if you’ll looking to score your next freelancing gig or start building your online portfolio, Contena can help you with these things + so much more.
Furthermore, if you’re looking to build your very own freelancing business & start attracting high paying clients, Contena has got your back here as well.
Writing is something that we all do on a day to day basis anyway.
Right?
Why not get paid for it by writing for other people?
This is a hidden talent that many of us have inside of us but don’t know it.
For me, I didn’t discover my love for writing & how creative I’ve been over the past 6 years until I started my business online back in 2013.
Within that time, I’ve learned so much about this industry that it blows my mind.
If you’re searching for a way to pay off Christmas debt & you’re the creative type I would highly recommend Freelance work.

Learn More About Freelance Writing Here

3) Start A Blog


WordPress blog
Starting a blog is one of the most lucrative ways to pay off Christmas debt.
However, it can take up to 3 to 6 months before making any money with it.
Therefore, this isn’t something you can start today & expect to see results within a couple of days or weeks.
This will take patience & shouldn’t be relied upon to pay off any Christmas debt anytime soon.
With that being said, when I came here I was able to generate my first sale in 3 short months.
So, it is possible to earn enough to pay off holiday bills & whatnot.
This is why I’ve listed this further down in my post as this will require more work before receiving a payout.
Since I started my blog in 2013, I’ve been able to pay off credit card debt, purchase a nice vehicle, and take several vacations.
All of this from blogging!!
Keep in mind tho, that this is the result of something I’ve been building since early 2013.
If you’re looking for the best place to learn about blogging and affiliate marketing I would suggest Wealthy Affiliate.
This is the place that showed me how to create my very first blog.
Additionally, they have also shown me how to earn money from it as well.
As I said earlier, starting a blog can take some time to get up & running before you start making money with it.
However, once you’ve established credibility & gained people’s trust, the sky is the limit.
If this sounds like something you would like to hear more about, I recommend that you check out Wealthy Affiliate to see how they can help you.

Learn More About Blogging Here

4) Become A Virtual Assistant


virtual assistant

If the thought of blogging isn’t something you could see yourself doing that’s perfectly fine.
As a virtual assistant, instead of writing for yourself, you’ll be doing small tasks for other bloggers/ online entrepreneurs.
This includes possibly writing articles/ product reviews.
Furthermore, here are a few other tasks that you’ll likely be doing as a virtual assistant

  • Managing a social media page (ie: Facebook/ Twitter)
  • Designing A logo
  • Doing custom coding work (ie: HTML, CSS)
  • Answering emails
  • Building an email list

the list goes on & on……
I hope you guys get the idea of what I’m talking about.
You do, right?
Depending on the task at hand VA’s can earn a great deal of money online.
If you’re searching for a way to pay off Christmas debt, I think being a VA would be an excellent way to do so.
The place I would recommend as the best place to find Virtual Assistant jobs is Online Jobs. PH
This place caters to people seeking work as well as those looking to hire virtual assistants.
Your pay here would vary according to the nature of the task at hand.
The more things you’re skilled at will increase your income potential with this opportunity.

Learn More About Becoming A Virtual Assistant Here

5) Sell Your Images Online


Photographer taking pictures
If you’re anything like me, you’ve taken a lot of pictures over the holidays.
Most of them may be family pictures which you obviously wouldn’t part with.
However, did you get the chance to snap any random pictures of your dog in the snow?
Perhaps you were able to snap a pic of an amazing Christmas light display or Christmas Tree?
If so you could sell these images to places like Dreamstime or Shutterstock to start earning royalties.
Furthermore, each time this image was sold on either of these platforms you would earn a commission.
This could be an excellent way for you to pay off Christmas debt and start earning residual income month after month.
Unless you’re a pro at this don’t expect to make enough to quit your JOB.
This simply isn’t happening, but it can be an excellent way to help pay off Christmas debt.

Other Helpful Tips To Pay Off Christmas Debt


In addition to the things listed above, here are a few other tips to help you better plan for next year.

  • Plan- Instead of putting everything on your credit card next year, why not save for it instead?
  • Pay 3x the minimum payment- Paying the minimum payment could take as much as 5 years to pay off
  • Develop & stick to a Christmas budget- By sticking to a budget you’ll less likely to overspend

I can remember back when my parents opened a Christmas Club for me each year at Park National Bank.
The goal here was to try & deposit at least $20 a week or more over the year.
By the end of the year, I usually had at least $500 or more to spend on Christmas for the family.
By doing this I eliminated the need to rack up credit card debt.
Moreover, this also helped me create a budget plan and stick with it.

My Closing Thoughts


I hope you guys have gained some value in this post.
Furthermore, I also hope that you were able to resonate with at least 1 of the 5 things I’ve listed above as a means to pay off Christmas debt.
If you were to utilize 1 of the 5 ways mentioned above you could likely pay off this debt in NO time.
Depending on the size of your debt of course!!
Also, I hope the additional tips I’ve provided you with have helped you out as well.
Questions, comments, or something you would like to add to this article?
I’d love to hear all about it & answer any additional questions you may have.
Until Next Time
Cheers
~Your Friend, Scott~
 
 

Leave a Comment